Whether it's a family member or an outside scam artist, misusing an elderly person's assets is unacceptable. Unreliable caregivers could:
- Steal money, paychecks, or furniture;
- Make a fake signature of the elderly; the theft of identity.
- Use a senior's checks, credit cards, or accounts inappropriately.
Warning signs
- The elder's financial situation unexpectedly changed.
- Senior's home has missing goods or money.
- Suspicious modifications to titles, policies, powers of attorney, and wills.
- Updating the senior's signature card with new names.
- Financial actions that the elder couldn't have taken, such as an ATM withdrawal from a bedridden account holder.
- Unneeded subscriptions, products, or services.
Consequences
- Possibility of financial bankruptcy
- Loss of independence and security
- Financial stress
- Reduction in quality of life
- Mistrust
How Online Counselling can be helpful?
It entails withdrawing money, assets, or things from an elderly person while also pressuring them to access their money early, such as by getting cash advances on credit cards. This is a prevalent kind of abuse. This abuse also causes psychological disturbance for the person. Online counselling becomes the best option to share their experience.
Frequently Asked Questions
- You or a loved one learns of a lottery jackpot or award that must be claimed only after paying any particular amount or fees.
- A caller requests the details of your or your loved one's bank account or instructs them to send money using a gift card, wire transfer, or cryptocurrency, to reap extra benefits.
- A caller requests details such as a UID, PAN number, or account number while posing as a representative of a government agency, bank, or other company.
All Geriatric Therapy
- Other health issues
- Chronic Diseases
- Mental Health Issues
- Elder Care Type
- Relationship
- Lifestyle
- Difficulty in Aging
- Grief and Loss
- Elderly Abuse and Neglect
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